- The TD Financial Stress Index (TDFSI) for the U.S. maintained its lowest level since February 2008, while the Canadian index improved by a further 4%.

- Both short-term LIBOR-OIS spreads, as well as medium-term bank funding costs improved over the week, although the aggregate TDFSI remains about 17% above its 2008 average prior to the August flare-up.

- In the U.S., ongoing substantial improvement in LIBOR-OIS, medium-term bank funding, and non-asset-backed commercial paper was offset to some degree by slight widening in ABCP and the tightness in short-term costs implied by the New York funding rate.

  • Finally, A Detailed Look At A Gamma-Ray Burst

    Thought to occur when a massive star collapses into a neutron or quark star or a black hole, or when two neutron stars merge, gamma-ray bursts are the most powerful explosions in the universe.